Tamil Nadu's Hitech City receives Rs 1,000 cr investment commitmentPress Trust of India
AMRL Hitech City, a multi product special economic zone (SEZ), said it has received an investment commitment of over Rs 1,000 crore from more than 30 customers. AMRL Hitech City, financed by Srei Infrastructure Finance and marketed by Attivo, has received investment commitment of over Rs 1,000 crore from more than 30 customers. "The investments will create employment opportunity for nearly 2,600 people", the company said in a statement.
Spread over 2,518 acres in Tamil Nadu, AMRL Hitech City is creating a sustainable and comprehensive industrial zone of international standards. "Investors have recognised the potential of the SEZ. Over 100 acres have been leased out to more than 30 customers. The company has received enquiries for another 800-900 acres. We have seen significant interest amongst the MSME segment for the SEZ both prior to and during the Global Investors Meet, 2015", AMRL Hitech City President N Eswara Rao said.
The first phase, involving 1,250 acres, offers investors an opportunity to actively participate in the Tamil Nadu growth story. The SEZ will house a diverse set of industries including electronics, general engineering, auto ancillaries and components, solar and many more. "AMRL Hitech City has the potential to generate employment in excess of 50,000 over the next decade making it one of India's largest industrial zones", he said.
AMRL Hitech City had received investment commitment of more than Rs 400 crore during the Global Investors Meet from customers like Zynergy Capital, Ashray Logistics, Electromate Components and many more, the company said. "The multi product SEZ provides easy access to the Tuticorin port and airport, and is well connected with road and rail networks, allowing industries to connect and communicate with both global and national markets", Rao said.
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